If you’re in the market for a new credit card for poor credit history but your credit isn’t so great, look no further than a credit card specifically designed for people with poor credit. These cards are easier to get than traditional credit cards and may help you rebuild your financial life.
The best bad credit credit cards have features that can help you build your credit and avoid common mistakes that lead to poor scores. These cards also often come with a variety of financial education resources and other tools to help you manage your money better.
Secured cards for bad credit typically require a deposit that acts as your credit line and can give you the chance to build your credit. These cards are often low-cost and come with $0 annual fees and a fully refundable security deposit when you close your account.
How to Get Approved for a Credit Card with Poor Credit
Balance transfers are another option for people with bad credit that can help you consolidate debt and pay off what you owe at a lower interest rate. However, it’s important to make sure that the credit card offers a competitive transfer rate before you move your balance.
How to improve your credit score
A few factors can impact your credit score, including the length of your credit history and how much of your available credit you use. Keeping your utilization ratio low and paying off your balance each month can help you increase your score.
Before applying for a new credit card, it’s a good idea to check your free credit report through NerdWallet to see what kind of score you need to qualify. Clicking the “apply now” button will take you to the card’s application, where you’ll need to provide your name, address, phone number and Social Security number.